Paradeep Phosphates Ltd Stay Order, 25% Deposit

Authority: Supreme Court of India

Order Date: 19-06-2026

Case Overview

• Appellant: Paradeep Phosphates Ltd (PPL)
• Respondents: State of Odisha & Anr.
• Application: Stay of the impugned demand (IA No. 180868/2026).
• Contentions: (i) State of Odisha failed to file objection under Section 9(2) of the State Infrastructure and Capital Assistance (SICA) Act within the prescribed 60‑day period; oral objection recorded on 15‑05‑2008 is insufficient. (ii) No appeal was filed against the final order. (iii) The scheme sanctioned for 2007‑2014 should remain effective despite the company's deregistration in 2011.

Final Outcome

1. Court issued notice on the matter.

2. The appellant has already deposited 50 % of the demand; the Court orders deposit of an additional 25 % of the demand with the concerned authority within six weeks and filing of proof with the Registry.

3. Subject to the additional deposit, no coercive steps shall be taken against the appellant concerning the impugned demand.

4. The matter is listed for further hearing on 03‑08‑2026.

Topics: Legal Stay, Deposit Requirement, SICA Objection